Replies to post #89192 on Cannabis Science Inc (fka CBIS)

[wplong89]

Ive seen many companies have to change business plans many a times. Most start ups fail. They discovered better products and markets, so lets do this thing!

[newmedman]

So 6 months ago they made this deal.. How much stuff have they shipped there? I would think that in 6 months I could produce about 2 pounds of CO2 extraction and that would include the growing in my garage which is quite small.

lol do you do your CO2 extractions where you make your brownies, I hope not ? Shipped what stuff where ?

THIS JOINT VENTURE OPERATING AGREEMENT ("Agreement" or “JV”) is entered into as of the 27th day of July 2012, by Cannabis Science Inc. and dupetit Natural Products GmbH (the “Companies”).

It's only been 4 months.

and what about the other JV ? Is that a lie too ?

2. Purpose, Scope and Scale of Operation

2.1 Business Objectives: to establish;
(i) a cannabis growing facility(ies) for production supply to develop cannabis-based herbal remedies and products;
(ii) a clinical laboratory for research, testing, quality control, and patient/treatment database tracking;
(iii) a manufacturing and production facility to produce cannabis-based herbal remedies and products; and
(iv) a treatment center for dispensing herbal remedies and products and track patient treatment efficacy and anecdotal testimonies/results.

2.2 The new JV development business will consist of:
(i) a cannabis growing facility;
(ii) a clinical laboratory;
(iv) a manufacturing and production facility; and
(v) a treatment center.

Herein after referred to as the JV “Assets”.

2.3 WNGM will provide all herbal and therapeutic product formulations to the JV as defined in Appendix “A”.

2.4 CBIS will provide medical cannabis extract formulations, delivery methods, products, and techniques, including any future products or processes, to the University and Manufacturer.

2.5 KATT shall make available all business contacts, government contacts, and marketing and distribution channels to accomplish objectives under this Agreement.